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Updated over 9 years ago,
LTV question
scenario:
Let's say I find a home valued at 100k and the seller is asking 65k to purchase the property.
This 35%LTV right?
If I am correct and I find a lender who requires 25-35% LTV to fund the loan will the lender fund it with no money out of my pocket? Or do they usually want you to put in 25-35% of the actual loan?
I know lenders require different things but as a general rule is all I am asking. This will help me to decide to jump in now or in a few months.